Is Trading competition good way to earn money?

[Assface16678]

As we all know now these days so many trading competitions arranged by exchanges,
i just wondering is this a way of earning?
The agenda is how it's possible to earn some money through trading competitions and what are risks?

It is a way of earning, only if you win the competition. One way or another not only you get the profit from your trade but also the price for winning them. Just like the name,
it's a competition where the the biggest earned profit by the traders will win. So you need to trade as much as you can in a period of time and how much profit you get from all those trading. The risks is there, if you're purposedly aiming to win the competition. When there're winners, there must be losers. You must have quite the knowledge about trading.

If we are talking about trading, it is just an exchange of something or commonly in using the cryptocurrency trading of money, but are we lost on trade?. Most of the time we are looking forward to earning and profit, no one wants to lose their money just in a mistake. In trading, you must to have good knowledge and skills on how and when is the right time only to trade your money. There are only two players on trading, the winner who takes advantage of proper trading and get more profit, and the loser who got lose to their income because of mistake.

What do you mean by trading competitions? Getting ahead over the others by range of profit? Well it is good in a sense of you'll be forced to do exert your full effort and knowledge in trading. Though the risk in it is that it would be quite tough to monitor and minimize your loss 'cause you're been set to maximize on what you can do in such competition.

Mostly higher volume traders will win with this one or highest earnings. As other said it will hard to win it if you are just small traders,The fact is you can also lost if you join  instead of winnings.
Because the exchange that runs the competition only has coins selected to participate and you do not know the price trend of that coins so there are possibility of loosing your money.

In trading, you must have a lot of experience and knowledge of the proper techniques and process as an advantage because not all the time you trade, you can get a profit. One of the ways to win every trade is knowledge and playing safe or avoiding to have a loss of income.

[Cherylstar86]

hello crypto heroes.

As we all know now these days so many trading competitions arranged by exchanges,
i just wondering is this a way of earning?

i personally think that this technique is used by exchanges to make volume of particular coin or token, I'm not sure if there are other purposes for arrangement trading competitions.

Please Note: it's not our agenda what is purpose for these trading competitions.


The agenda is how it's possible to earn some money through trading competitions and what are risks?

Please share your thoughts and Your experience below,

i believe it will be very helpful for newbies, and also for those are not familiar with.

Why I'm asking here?
The Reason is: BTT is world's biggest Crypto Related Form so why not to discuss every single thing about crypto,


I will be very thankful to all of you guys if you also share your tips and tricks.  

Not always, trading competition is another way to test your skill in limit time. Best way is keep trying with calculation. Trading is not for profit but to grow up your fund, method always change and never forget about stop loss and take profit point. But if you already success with competition I think you should try again.

Having a profit is a way to grow your funds in which will able to increase your money but somehow it needs to control. Earning money in trading process is like a gambling in which you will able to take a risk by doing those sell and buy like as you bet in gambling. Also, depending on the users perspective as the value is so volatile and needs a proper way in trading, hoping to earn a huge amount of profit in the end.

[wajik-tempe]

hello crypto heroes.

As we all know now these days so many trading competitions arranged by exchanges,
i just wondering is this a way of earning?

i personally think that this technique is used by exchanges to make volume of particular coin or token, I'm not sure if there are other purposes for arrangement trading competitions.

Please Note: it's not our agenda what is purpose for these trading competitions.


The agenda is how it's possible to earn some money through trading competitions and what are risks?

Please share your thoughts and Your experience below,

i believe it will be very helpful for newbies, and also for those are not familiar with.

Why I'm asking here?
The Reason is: BTT is world's biggest Crypto Related Form so why not to discuss every single thing about crypto,


I will be very thankful to all of you guys if you also share your tips and tricks.  

Not always, trading competition is another way to test your skill in limit time. Best way is keep trying with calculation. Trading is not for profit but to grow up your fund, method always change and never forget about stop loss and take profit point. But if you already success with competition I think you should try again.

I think it's different thing because trading skills is not for competition and trading skill is not able to compete because each trader has different way to trade, some traders are doing a long term trade like 6 month before they sell their trade but if the trading competition have the time limit, thosenkind of traders are not able to compete even they have really good skills of trades

[South Park]

As we all know now these days so many trading competitions arranged by exchanges,
i just wondering is this a way of earning?
i personally think that this technique is used by exchanges to make volume of particular coin or token, I'm not sure if there are other purposes for arrangement trading competitions.

These are all marketing techniques used by exchanges as the earnings they get is through trading fees and if there is a competition they think that they will have more users trading to win the competition and thereby they will be having the profit and so is the case with gambling sites who has wagging competitions and it is so successful that there are many users participating in those and it is a win situation for them.

It is obviously a marketing technique but it doesn't matter as long as you can learn something from it, what I find really interesting about trading competitions is that there are people willing to participate in them, if you are a trader whatever profits that you can get out of the market should be enough for you and yet I see many participants in those type of contests which means that they are not really profitable as traders and they need those competitions to try to make some money.

[semobo]

Reason why exchanges have lucrative trading competition rewards is to lure more traders which is going to bring income to them for their every trade so its just an advertisement but directly to the user not to any other person.But I don't see it as way of earning because no one can make the trading profits constant so its more like gambling and looking for rewards.

[Lanatsa]

As we all know now these days so many trading competitions arranged by exchanges,
i just wondering is this a way of earning?
i personally think that this technique is used by exchanges to make volume of particular coin or token, I'm not sure if there are other purposes for arrangement trading competitions.

These are all marketing techniques used by exchanges as the earnings they get is through trading fees and if there is a competition they think that they will have more users trading to win the competition and thereby they will be having the profit and so is the case with gambling sites who has wagging competitions and it is so successful that there are many users participating in those and it is a win situation for them.

It is obviously a marketing technique but it doesn't matter as long as you can learn something from it, what I find really interesting about trading competitions is that there are people willing to participate in them, if you are a trader whatever profits that you can get out of the market should be enough for you and yet I see many participants in those type of contests which means that they are not really profitable as traders and they need those competitions to try to make some money.

All things would really be tried out by people who are longing on making money even on slightest chances.Making money with trading competition is plausible specially if its being provided on some sort of exchange fund to trade one which is already a worthy or good deal for a free player/trader to engage on.

Yes, its part of marketing on general sense and most of the time they are just trying to make up some volume on said coin by means of these competitions.

[adjed]

Just like everything that involves trading Cryptocurrencies, trading competition requires a great deal of luck to earn money from it, starting from the fact that you might not even win it at all in the first place to the fact that Cryptocurrencies are very volatile and in price and could start high and by the end of the competition, the price is now so low that you have lost a good chunk of your money from bad trading and trading fees that not even the price could cover the cost, so ilike I said, it's a good way of earning if you're a a very lucky sort.

[jets567]

Trading competition is not suitable for some traders who have limited funds because your chances of winning is very low as long as there are large holder of coin or have huge amount of funds that will participate then they will be always the winner at the end but somehow I think other traders participate on this for short-term to gain a quick profit.

[Karmakid]

The trading competitions are not only a good way to earn money but also a good way to test your skills and also enhance your way of learning. When you are in a trading competition, you are expected to perform best but you should also remember that you don't need to be perfect. You can make mistakes which you can use as your teacher in order to learn more and become better.

[gabbie2010]

In forex trading competitions the stringent rules and regulations for competitors always makes it hard for them to win the competitions from my point of view I believed its better for a good trader to personally source for funds and invest in a reputable exchange and engage in trading rather than embanking on the stressful trading competition whose outcome might not be fruitful and time wasteful.

[jazmuzika217]

Honestly you can't trade without any risk. Even when you are in trading competition or not there is not an safe way or less risk way. If we talk about trading competition it has both benefits between traders and coin. It is bring more benefits to the coin because it is a good marketing about the coin and project. In the part of traders it will only a benefits if you have enough knowledge about trading because if not it is close to loss.

[BuxCoin]

As we all know now these days so many trading competitions arranged by exchanges,
i just wondering is this a way of earning?
i personally think that this technique is used by exchanges to make volume of particular coin or token, I'm not sure if there are other purposes for arrangement trading competitions.

These are all marketing techniques used by exchanges as the earnings they get is through trading fees and if there is a competition they think that they will have more users trading to win the competition and thereby they will be having the profit and so is the case with gambling sites who has wagging competitions and it is so successful that there are many users participating in those and it is a win situation for them.

It is obviously a marketing technique but it doesn't matter as long as you can learn something from it, what I find really interesting about trading competitions is that there are people willing to participate in them, if you are a trader whatever profits that you can get out of the market should be enough for you and yet I see many participants in those type of contests which means that they are not really profitable as traders and they need those competitions to try to make some money.

Exchanges conduct competition for marketing , to increase trading volume and to get more commission well we should be know this things and be careful not to take too risky trades and do more trading and lose our money , i avoid this competitions , if traders are participating and they shoould know what they are doing and not to turn this competitions in to gambling , just to win

[Greed Dev]

I don't think that's a good way to make money. because there are programs like that once in a while and we may not be able to trade well and win that competition. If we have good experience for real trading, why don't we take the money to make and make a direct profit?

[akmal1984]

For people who are already adept at trading, they can make this competition as a tool for profit. But for beginners this is very high risk. Trading crypto is not as complicated as fiat trading, but the price movements are clearly different. I am still learning how to do this today. Maybe if one day I have mastered it, I will also take part in the competition.

[huige007]

hello crypto heroes.

As we all know now these days so many trading competitions arranged by exchanges,
i just wondering is this a way of earning?

i personally think that this technique is used by exchanges to make volume of particular coin or token, I'm not sure if there are other purposes for arrangement trading competitions.

Please Note: it's not our agenda what is purpose for these trading competitions.


The agenda is how it's possible to earn some money through trading competitions and what are risks?

Please share your thoughts and Your experience below,

i believe it will be very helpful for newbies, and also for those are not familiar with.

Why I'm asking here?
The Reason is: BTT is world's biggest Crypto Related Form so why not to discuss every single thing about crypto,


I will be very thankful to all of you guys if you also share your tips and tricks.  

Not always, trading competition is another way to test your skill in limit time. Best way is keep trying with calculation. Trading is not for profit but to grow up your fund, method always change and never forget about stop loss and take profit point. But if you already success with competition I think you should try again.

I think it's different thing because trading skills is not for competition and trading skill is not able to compete because each trader has different way to trade, some traders are doing a long term trade like 6 month before they sell their trade but if the trading competition have the time limit, thosenkind of traders are not able to compete even they have really good skills of trades

Competitions are always held among the people of different skill set. No two person in the world are born with same skills. We all perform at different rhythms. In my opinion, such competitions will help participants to learn from other and grow their knowledge. It is actually very thrilling and beneficial. Long term traders will compete there type and short term or day traders will play against their kind.

[adzino]

Never heard of such competitions being held by an exchange? How is the contest made? You mean user that trades the highest volume wins or something like that? Well, then no it is not a good way to earn "coins". This will actually make you lose even more than you can make. Imagine having to pay those exchange fee when trading and then those small loss you will me facing when exchanging coins. Even if you be on the top of the contest, your overall net profit along with the prize money might end up being negative.

[Best Dreams]

For people who are already adept at trading, they can make this competition as a tool for profit. But for beginners this is very high risk. Trading crypto is not as complicated as fiat trading, but the price movements are clearly different. I am still learning how to do this today. Maybe if one day I have mastered it, I will also take part in the competition.

Competition could be good only for expert traders but those who are new and don’t know what actually trading is the should remain away from this kind of competition and learn how to trade well. A new trader only should learn trading and trade for the long term instead of day trading. Better keep learning as a trader get success through his knowledge, so keep learning as much as you can.

[South Park]

It is obviously a marketing technique but it doesn't matter as long as you can learn something from it, what I find really interesting about trading competitions is that there are people willing to participate in them, if you are a trader whatever profits that you can get out of the market should be enough for you and yet I see many participants in those type of contests which means that they are not really profitable as traders and they need those competitions to try to make some money.

Exchanges conduct competition for marketing , to increase trading volume and to get more commission well we should be know this things and be careful not to take too risky trades and do more trading and lose our money , i avoid this competitions , if traders are participating and they shoould know what they are doing and not to turn this competitions in to gambling , just to win

And that is something that I really do not like about those trading competitions, in theory it should be a display of skill among traders to see who is the best and who can generate the fastest profits in the market but that is not what we see, what we see is that those that are in that competition turn this into a gambling competition in which their only hope of winning is not their skill but that somehow things turn out in exactly the way they want them just by random luck.